#Report
Trustee's report fixed the bankruptcy at June 12, 2024, 16:24 and set out the Statement of Affairs: $56,378 in assets against $1,116,107 in liabilities.
Source: Certificate of Appointment
Terradyne Wellness Centre Ltd.
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 45818
OverviewSummary updated
Terradyne Wellness Centre Ltd. became bankrupt on June 12, 2024 at 16:24 under section 49 of the Bankruptcy and Insolvency Act in Nova Scotia, with BDO Canada Limited acting as Licensed Insolvency Trustee under file no. 45818. The Statement of Affairs, prepared from the company's internal records and not audited, reviewed or otherwise verified by the trustee, puts assets at $56,378 on an estimated net realization basis against a net book value of $75,472, and liabilities at $1,116,107, leaving a stated deficiency of $(1,059,730). Deferred claims of $1,072,472 make up the bulk of the liabilities and include Magnadyne Ltd., the landlord and a related party owned by director Paul Wrathall. The Bank of Nova Scotia is owed approximately $19,000, secured on a 2021 Buick Enclave, with unsecured claims reported at $24,542. The trustee has not completed adjudication of the proofs of claim received.
Proceedings AIAsk this case — answers cite the filings
Case updates4 dated entries
#Claims
Neil Jones recorded as appointed trustee on the same date, taking the estate on the statement of affairs figures reported as at June 12, 2024.
Source: Creditors Package
#Report
Terradyne made an assignment in bankruptcy under the BIA, opening the Nova Scotia estate under court file 45818 with BDO Canada Limited as trustee.
Source: Employee Information Package
1 earlier update, back to 12 June 2024 — subscribers.
Parties
Debtor
Terradyne Wellness Centre Ltd.
Trustee in bankruptcy
BDO
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Scotiabank c/o Canaccede International Management Ltd. · in 39 cases2021 Buick Enclave automobile (VIN 5GAEVAKW2MJ161997); estimated value of security $19,094.12; estimated surplus from security $8,971.88; balance of claim (deficiency) nil — Statement of Affairs (Form 78) List B secured creditors, as stated by the officer. Address PO Box 758 Stn B, London ON N6A 4Y8. — debtor: Terradyne Wellness Centre Ltd. · as of 11 Jun 2024 | $19.1K | Creditors Package |
11 more claims across lower-ranking classesSubscribe to view
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents4 filings
| Date | Document | File |
|---|---|---|
Creditors Package
| PDF · Subscribers | |
Employee Information Package
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Trustee’s Preliminary Report
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Terradyne Wellness Centre Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/terradyne-wellness-centre-ltd